What to Expect with Portugal's D7 Visa in 2024 | Outlook, Predictions, Delays & Rise in Cost
Vložit
- čas přidán 31. 05. 2024
- What to Expect with Portugal's D7 Visa in 2024 | Outlook, Predictions, Delays & Rise in Cost
In this webinar Ei! shared the latest information on the D7 as well as their insider knowledge in the field. With their finger firmly on the pulse of Portugal’s immigration processes and laws, Ei! has been invaluable in answering your questions and keeping our community updated. We were delighted to have them back to bring you the latest information and outlook for Portugal’s D7 visa in 2024.
The D7 is a popular residency option for individuals, families, and retirees who are looking to make Portugal their new home.
As always, we’re here to provide the most up-to-date information from our trusted experts as well as bringing members of our community together. Join us when we record live - expatsportugal.com/calendar-w...
Ei! contact details - expatsportugal.com/business-d...
Expats Portugal Premium Members get a 10% discount on Ei!'s services - expatsportugal.com/member-ben...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Love our channel? You can also support us by becoming a CZcams member - / @expatsportugalcommunity
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ABOUT EXPATS PORTUGAL
expatsportugal.com/
Since 2005, Expats Portugal has been assisting people in finding the information, contacts & support they need to migrate to, settle in, & enjoy Portugal!
Having already been through the process ourselves, our team is keen to assist in making the process smoother, help you avoid costly mistakes, & get the most out of Portugal, sooner!
Through our many years of experience, we've built & continue to grow our excellent network of trusted professionals; bringing you the most reliable & up-to-date advice, as well as negotiating exclusive discounts on your behalf. We enjoy sharing our contacts, knowledge & experience to offer extra support in all aspects of moving to Portugal.
COMMUNITY - Our network of 13k+ members come from all over the globe, all united by our interest in & love for Portugal. We connect through our community forum & events.
SUPPORT & INFORMATION - In addition to the wealth of information on our CZcams channel, you can ask questions & search through thousands of useful forum posts to find all you need. Everything from: country specific information such as, moving to Portugal from the USA, D7, D8 & Golden Visas, Portuguese citizenship & residency, tax in Portugal, NHR tax breaks, buying & renting property, the best places to live, retiring in Portugal, healthcare & medical insurance, Brits in Portugal & so much more! - expatsportugal.com/community/
EXTRA SUPPORT - You don't have to struggle through this alone! Our Premium Members get additional support with a personal online consultation, ongoing email support, help to learn Portuguese, exclusive discounts & more - expatsportugal.com/join-us/
EVENTS - Online & in person events to get you the expert information you need & the opportunity to make new friends in Portugal & worldwide - expatsportugal.com/calendar-w...
KEEP UPDATED - Join our community &/or mailing list - www.expatsportugal.com/
#movingtoportugal #livinginportugal #portugal #portugalnews #portugalvisa #expats #sefportugal
00:00 Introduction
01:20 Overview of the D7 visa
02:18 What is the minimum amount required to qualify?
04:06 Savings
05:01 What Portuguese documents are required?
08:45 Is the D7 going to end or be altered?
14:03 Predictions & outlook for the D7 in 2024
16:24 Tax: NIF (Portuguese tax number) & tax representatives
20:25 Is there a maximum income limit?
21:27 What is the minimum for a couple applying for the D7?
22:43 Is it viable to reduce the amount of passive income received for tax purposes?
30:08 Will your application be accepted if you have two 6-month rental contracts instead of a 12-month lease?
32:49 Options for families: timescales & best options
36:52 Will the NHR tax breaks be extended into 2024?
40:22 Do you need a rental agreement before you are granted residency?
41:56 Do I need to have savings in a Portuguese bank account?
42:58 Can rental income be used to show passive income for a D7 application?
43:18 Problems with SEF & AIMA for visa applications & renewals
46:40 Does the amount to qualify for the D7 visa increase each year?
47:19 The disadvantages of a family accompanying visa vs separate applications for couples
49:45 Can you use a VFS appointment for another category ?
51:28 Final thoughts about the D7 visa for 2024
More information about Ei! & contact details - expatsportugal.com/business-directory/ei-assessoria-migratoria/
Avoid disappointment or delays by ensuring you meet requirements & are on the best path to get your application approved.
⭐ Premium & Premium Plus members of Expats Portugal receive a discount on Ei!'s services. Check the full list of our perks & freebies here - expatsportugal.com/premium-member-benefits/
Join us live behind the scenes when we record our online webinars & events - get involved - ask questions & get to know other community members - Sign up to get the *latest updates*, upcoming webinars & events, member offers, and more - expatsportugal.com/calendar-whats-on/
🙂💬 Continue the conversation, ask questions, and meet other community members in our friendly forum - expatsportugal.com/community/
Carl hosts these events so professionally!
The BBC and MSM could learn from him 👍🏻.
Compelling truths, useful information and a touch of humanity/ humour.
Great channel, very informative. Thank you very much for all the information🌸
Who can fall into the accompanying D7 visa category?
Hello. Thanks for the video. I have a couple questions:
1. For the PT bank account, do we need the amount in the bank at least 3 months so we can show 3 months of PT bank statements for the Stage 1 D7 appt? OR do we just need to show we have a PT bank account even though we just deposited the amount less than 3 months?
2. I have not requested my FBI report yet. I have a misdemeanor over 30 years ago (being a stupid young lad) and only paid a small sum of $200 & no jail time at all. I'm hoping that it won't show up in the FBI report...but if it does, what does PT look for in regards to approving/denying a D7 visa based on a misdemeanor?
Thanks!
Retrospective, or retroactive?
What happens after your passport is stamped in the uk
All of ya doing a great job , I will be in Portugal in two weeks time and sure would visit your office for NIF etc and advice . Thanks for the great coverage .
Hi samo, Thank you for your kind comments. Get in touch with Ei! Migration Agency to make an appointment. Meetings can also be online. expatsportugal.com/business-directory/ei-assessoria-migratoria/
If you are one of our Premium Members there is a 10% discount on Ei! Migration Agency's fees. Get in touch with us first so we can connect you expatsportugal.com/contact-us/
Wishing you the best for your application 🙂
With 40% tax next year, portugal is no longer on the horizon for many.
Hi Trave, Portugal has a progressive tax rate, there is not a 40% flat tax rate and there are deductions as well as double tax treaties to prevent you payting in your home country as well as Portugal. With all of that in consideration, the effective tax rate will be different.
Depending on where you are coming from, the cost of healthcare and local property taxes are low in Portugal so that also calculates positively for many people.
I hope that helps in some way, but it is a very individual issue and must be discussed with a professional in more detail.
You can also join in the conversation about tax and everything else Portugal in our community forum - expatsportugal.com/community/
Best,
The Expats Portugal team 🙂
@@ExpatsPortugalCommunity Thank you so much. This is one of the most helpful replies I have read about the confusion of the tax regime. But I assume most expats retiring in Portugal will still pay more taxes than they do in in the US? Some empirical examples of how much one pay based on what they make in retirement would be great to find out, if you guys have come across them and discuss on the show.
You're welcome; we try to help as best we can. The reason it is confusing is because it can only really be accurately answered on an individual basis. US citizens need to continue to pay taxes in the USA even when they leave the country. Portugal has a double tax treaty with the USA so you would pay the difference between the taxes in Portugal, so if you paid 20% in the US and the tax on the same amount here was 27% then you would pay 7% to Portugal, but there are also some deductions, so that may be reduced further.
The NHR allowed no tax on foreign-sourced income or a flat 10% in the case of pensions, but if the income was from Portugal, then there was still likely tax to pay. As you can see from my reply, that is only just scratching the surface; it is a complex matter with way too many variables. Not having the NHR will change things, but how much, if at all, is a personal calculation.
We are not tax advisors, so do not use this as tax advice. We have some excellent English-speaking tax advisors you can get in touch with in our business directory so you can be sure you are planning your budget accurately. If Portugal is really somewhere you have your heart set on, we would recommend you also take into account savings on health care and property taxes to get a true reflection. It is a safe country with a pleasant climate, and English is also widely spoken here, which doesn't have a monetary value, but it is one reason it is so popular and why many can find their home away from home here even while they are still learning the local language.
Please come over to our forum mentioned in the last message. It's a great group of friendly and helpful people.
Business directory - expatsportugal.com/business-directory-2/
Forum - expatsportugal.com/community/
Best,
The Expats Portugal team 🙂
@@ExpatsPortugalCommunity thank you again for the detailed response. I guess we will have wait and see how much one will have to pay after the scheme ends. Yes, health care and property taxes are to taken into account, but will that balance the more tax we may likely pay is the question. I have been to portugal multiple times, and I have a couple of years before I can retire. So we will have to see what happens.
It would great if you can do a show with people who either leave Portugal because they dont like the taxes, or a show on how much roughtly they pay after the end of the scheme. thanks
@trave7644 Marginal tax rates don’t give the whole picture!
Portugal has very cheap electricity, alongside competitive food and living costs.
It’s a super home for your money with “trusted” land registry for house buyers (contrast that with the awful mess in Spain/Italy and Greece)
For Americans, the savings in healthcare are massive !
Great content! Regarding income, can a lump sum of money in a bank account count as a source of passive income? Also, can you combine a pension plus a lump sum in the bank to fulfill the requirements of the D7 visa?
Both savings and a passive income are required. Your pension would be a passive income. We also have a forum where you can search for this type of information and ask your questions to our friendly and knowledgeable community - expatsportugal.com/community/
What is the price for a family of 6 2 adults and kids. Do you have free consultation?
A National Longstay Visa, IS a D residency visa...
I am a British citizen and wanting to live in Portugal. I receive dividend income from my limited company, which rents out properties and also receive dividend income from stocks and shares. Can you assist with the visa process?
Hi Carlyndolphin, if you would like us to connect you directly to our contacts from the guest featured in this video, Ei! Migration Agency, please drop us a line - expatsportugal.com/contact-us/
Can someone else in Portugal buy a property on my behalf and in my name so that I can present it as the accommodation proof to get my D7 visa? I'd rather buy a place than paying a 12 months rent. Please explain all the legal aspects if that's a possibility. Thanks
Buying property is an option and can be a great investment. Even with a mortgage for the majority or in part, it can be much less than paying rent and also much more secure (rent prices have increased greatly over the last 6 years). The only issue can be finding the right place.
The guest speaker in this video, Ei! Migration Agency has a division called Casa Portuguesa, they can help you to find property that matches your requirements, check that the property is legal, inspect for issues in the building, as well as dealing with the legalities of the purchase. Every aspect until you have the keys in your hand and beyond - expatsportugal.com/business-directory/casa-portuguesa/
You can also come over and search for information and ask questions in our community forum - expatsportugal.com/community/
You wouldn't have to pay twelve months of rent in one installment if you're able to find a suitable place that is registered with the Portuguese Revenue Authorities and sign a lease whereby you'll be able to put down a small amount and pay the rest monthly. Payment for the first month would be made three months after the initial down payment which would buy you time in case your D7 application is rejected thereby minimizing your loss ( I would imagine you would forfeit your down payment and any preceding payments should you be rejected). This is a safer alternative and gives you more capital to play with rather being locked into a mortgage for the next decade or so.
If you choose to go the route by having a family member or friend buy property on your behalf it would be wise not to buy it outright and go with a mortgage. (Obviously, you wouldn't give a person the money to buy a house outright and expect him to transfer it to your name but I could be wrong). Besides, I've yet to see a banking institution open an account where the individual is not physically present regardless of what documents you might show as proof. Also, at some point you would need to have sole title ownership to the property and the person who initialized the buy could drop down to nominee. That's a lot of trust you're placing with someone. I advice to rethink your approach with caution.
Hi , I'm from Sri lanka,can you guide me D7 prosess from the start.
Hi Anil, we hope this video gives you the basics. You are also welcome to search and ask questions in our community forum - expatsportugal.com/community/
When asking questions about visas, residency, and citizenship, please be aware that rules and regulations can change, and there are always a number of individual variables for visa processes as well as a range of options to choose from. To avoid disappointments and delays and to be certain you are getting the most up-to-date information to ensure you will qualify, we would always recommend you work directly with a professional to find the best route to get your application approved within your desired timeline.
If you are embarking on the process alone, please ensure you double, triple, and quadruple-check everything. While good professional advice is not free, getting bad advice for free can be even more costly. Our preferred service is the guest in this video, Ei! Migration Agency - expatsportugal.com/business-directory/ei-assessoria-migratoria/
If you choose to join Expats Portugal as a Premium Member, there is a 10% discount on Ei!’s service fees.
We wish you the best for your plans and hope you find our CZcams channel and www.expatsportugal.com of help throughout your journey